United States (USA) Sustainable Aviation Fuel Market worth $6.97 billion in 2030 - Exclusive Report by MarketsandMarkets - Seite 2
Moreover, the ongoing advancements in biofuel technologies and scalability in production processes are expected to support the increasing demand for sustainable aviation fuel in the US.
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Above 50% biofuel blending capacity segment is likely to grow at a significant CAGR during the forecast period in US sustainable aviation fuel market.
Based on biofuel blending capacity, the US sustainable aviation fuel industry is categorized into below 30%, 30 – 50% and above 50%. During the forecast period, the above 50% biofuel blending capacity segment accounted for the fastest-growing CAGR in the sustainable aviation fuel market in the US. The increased regulatory support and subsidies for higher biofuel blends are driving the growth of the segment. Additionally, the growing demand for more sustainable and environmentally-friendly aviation fuels is contributing to the adoption of higher biofuel blending capacities. Moreover, advancements in biofuel production technologies and scalability of biofuel production have made it more cost-effective and feasible to blend biofuels at above 50% levels in aviation fuel. Furthermore, airlines' commitments to sustainability and the need to meet carbon reduction targets are also pushing the demand for higher biofuel blends in the market.
Sustainable aviation fuel companies players include World Energy, LLC (US), Fulcrum BioEnergy (US), Gevo (US), Red Rock Biofuels (US), WasteFuel (US), and Prometheus Fuels (US).
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